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North Surrey Homes for Sale

Whalley, Royal Heights, Port Kells, Bridgeview and Fraser Heights are just a few of North Surrey’s communities attracting potential homebuyers. The City of Surrey is very proactive and prides itself on its long-term goals of making the downtown Central Surrey core into something like Yaletown in Vancouver. With plenty of new commercial and residential real estate being developed today, you can literally watch the changes they have in motion on a daily basis. Central Surrey is quickly becoming a hot spot for first time homebuyers, investors, and working professionals who want to leave a greener footprint by using the many public transportation options all throughout the Lower Mainland. Check out our North Surrey MLS listings or call Natasha Taylor of the Taylor Team at 1-778-316-4290 and let our group of experienced North Surrey Sutton real estate agents show you why Surrey has been rated BC’s #1 area to invest in (and the #4 in all of Canada).

About North Surrey BC

North Surrey British Columbia is a great place for the first time buyer, commuter, or for anybody looking to invest in BC real estate. Let our group of experienced Sutton North Surrey real estate agents at The Taylor Team show you why Surrey has been rated the #1 area to invest in BC and the #4 in all of Canada. Whether you are looking to jump on the sky train and head to work with ease or just get into the Surrey real estate market, you definitely can’t go wrong buying here in North Surrey BC. With starter areas like Whalley, to more prestigious residential communities like Fraser Heights, there is much to choose from here in North Surrey.

North Surrey real estate is constantly under development. An extremely large amount of BC condos and new homes are being built in this popular area as well as new commercial buildings.

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For sale
$1,325,000
11687 98A AVENUE, surrey, British Columbia

11687 98a Avenue

Surrey, British Columbia

Prime Location Rancher, with Fully Finished Basement on a SPECTACULAR VIEW! This home boast a VERY PRIVATE BACKYARD, Lush Gardens / Green Space, RV / Boat Parking, plus all the rest of your toys, New Patio, Custom Solarium, Hard Wood Flooring, Gas Fireplace, Basement has a separate entrance and is roughed in for a future in-law suite. Easily add a mortgage helper, plus so much more! Move in and make this little OASIS your new home, or BUILD YOUR DREAM HOME, with STUNNING VIEWS! Don't miss out, these one-of-a-kind property's don't come available very often! (id:48205)

4 Bedroom 2 Bathroom 2637
For sale Open House
$1,325,000
6869 192ND STREET, surrey, British Columbia

6869 192nd Street

Surrey, British Columbia

TOWNLINE custom built home all on a bright 4000sq.ft CORNER LOT w/Extra Parking! This 4 bed/4 bath home is waiting for your ideas in the basement, with a potential 1 or 2bdrm suite. Features Central A/C, 3 Large Bdrms UP , Spacious primary w/Walk-in Closet & 4pc ensuite, with access to upper laundry. Mainfloor has a GREAT Room open concept, with Front DEN/office. Kitchen with SS appliances, PANTRY, family room & dining area. Private Backyard is fully fenced in for fido and the kids. BBQ quick connect GAS line on back deck. Separate double garage with a 3rd parking spot beside the garage. Steps to Hazelgrove & Katizie Elementary, Clayton Heights Secondary, bus stop, future skytrain station, Starbucks , Dublin Pub, grocery stores, do not miss this opportunity to view. OH SAT May 11 2-4 (id:48205)

4 Bedroom 4 Bathroom 2753
For sale
$1,325,000
11103 CALEDONIA DRIVE, surrey, British Columbia

11103 Caledonia Drive

Surrey, British Columbia

Renovated in 2018, this 1948 Bolivar Heights home in Surrey is a cashflow gem or a prime building lot, conveniently close to Guildford Town Centre and Central City. James Ardiel Elementary (K-7) and École Kwantlen Park Secondary (8-12) are catchment schools. Numerous parks and 9 recreation facilities within a 20-minute walk enhance the neighborhood. Public transit, including a street stop 2 minutes away and Gateway Station at 2.07 KM, makes city travel easy. Safety facilities, a fire station, police station, and hospital within 3.4 KM provide security. This 10,250 sqft property with a 66'ft frontage holds potential for a new-built home, 2-lot subdivision, or duplex-buyers advised to conduct diligence. A rare quarter-acre opportunity in Surrey's desirable area. This won't last, contact now! (id:48205)

5 Bedroom 3 Bathroom 1801
For sale Open House
$1,320,000
11397 141A STREET, surrey, British Columbia

11397 141a Street

Surrey, British Columbia

Rancher on HUGE!!! 8329 sqft corner view lot. 3 bedrooms and 2 full baths with back lane. Many brand new 3 story(in-ground basement) homes in the area please check with city of Surrey for development potential. DO NOT DOOR KNOCK. Easy access to all the major routes and bridges. Lots of upgrades including new paint, new furnace, new laminate flooring and new appliances. Huge covered sun room is a bonus. Lots of potential live today and build later. please call to book your private showing. (id:48205)

3 Bedroom 2 Bathroom 1280
For sale
$1,299,999
15117 RAVEN PLACE, surrey, British Columbia

15117 Raven Place

Surrey, British Columbia

Great opportunity for those who are looking for a starter home or an investment property. Located in a family friendly neighbourhood, this very well kept and clean home features, 3 beds, 2 baths, approximately 1200 sq feet of living space, hardwood floors, updated windows, new hot water tank, and sits on 7385 sq foot, RECTANGULAR LOT. Enjoy Bbqs all year round on your 40 foot wide, fully covered, deck. Fully fenced and private back yard is great for the kids and for entertaining. Walking distance to transit, schools, parks, shops and Guildford Mall. (id:48205)

3 Bedroom 2 Bathroom 1160
For sale
$1,299,995
11287 134 STREET, surrey, British Columbia

11287 134 Street

Surrey, British Columbia

An investment property on a prime location "Unlimited potential awaits at this charming rancher property! Whether you're an investor seeking a prime opportunity or a dream looking to build your own custom home, this versatile piece of land has you covered." (id:48205)

6 Bedroom 1195
For sale
$1,299,900
6622 193A STREET, surrey, British Columbia

6622 193a Street

Surrey, British Columbia

Highly sought-after Clayton Heights neighborhood 4 Bedroom plus a office/den 3.5 bath 2 storey plus fully finished basement. A Welcoming front porch leads to the main floor featuring an open-concept layout offering both comfort and convenience, seamlessly connecting the living room, dinning area, gourmet kitchen with large island an granite counter tops. The fully finished basement has a separate entrance, extra living space with potential for the inlaws, plus large bedroom, full bath. Outside has an easy care yard/garden area great for entertaining, detached double car garage with lane access, close proximity to schools, shopping, & transit facing beautiful park area. Fantastic family friendly neighborhood. Don't miss the opportunity to make it your own! (id:48205)

4 Bedroom 4 Bathroom 2239
For sale Open House
$1,299,800
10207 124A STREET, surrey, British Columbia

10207 124a Street

Surrey, British Columbia

Nestled in the peaceful enclave of St. Helens Park, this beautiful home offers a harmonious blend of comfort and convenience. With 6 bedrooms and 2 bathrooms, this home is designed for modern family living. Situated on a sprawling 9000+ sq.ft. corner lot, it provides ample space for outdoor recreation and relaxation. Enjoy breathtaking views of the majestic mountains, sparkling cityscape, and the Fraser River from your own backyard. While this home is located in a quiet neighbourhood, it offers easy access to the bustling amenities of downtown Surrey, SFU, and many more! For families with children, the property is just a leisurely 10-min walk to the elementary school and the high school is only a quick 5-min drive away, ensuring easy access to education for teens. Additionally, the versatility of the basement suite adds great value to the property. With its prime location, spacious layout, and breathtaking views, this home is a rare find in the desirable St. Helens Park neighbourhood. (id:48205)

6 Bedroom 2 Bathroom 2500
For sale Open House
$1,299,000
15081 98A AVENUE, surrey, British Columbia

15081 98a Avenue

Surrey, British Columbia

Solid family home in family oriented neighbourhood. Great neighborhood, close to schools, Guildford shopping mall & transportation. New roof with transferable warranty, New flooring and paint, furnace replaced in 2009 and 2021 hot water tank. Basement is partly unfinished, come with your own ideas on how to make this home perfect for your family. Open house Sat/Sun, April 27 & 28th, 12-2pm. Offers as they come. (id:48205)

4 Bedroom 2 Bathroom 2086
For sale Open House
$1,299,000
15655 97 AVENUE, surrey, British Columbia

15655 97 Avenue

Surrey, British Columbia

Step into this meticulously kept rancher in Surrey's sought-after Guildford Neighborhood, lovingly maintained by a single family since its inception in 1987. Situated on a spacious 7107 sqft rectangular lot, it features a double car garage and an expansive driveway. This home has seen many upgrades over the years including laminate floors, central AC & a Brand new hot water tank with warranty. Experience outdoor bliss on covered patio with skylights, the landscaped yard and the serene backdrop of a greenbelt. Additional crawl space offers ample storage, while a 30 amp outlet in the garage caters to RV or EV needs. Conveniently located near schools, Guildford Mall, Highway Access & a future Skytrain Station. OPEN HOUSE this Fri, April 19 (4pm to 6pm) SAT & SUN (2PM-5PM); APRIL 20 & 21. (id:48205)

3 Bedroom 2 Bathroom 1274
For sale Open House
$1,299,000
11359 LOUGHREN DRIVE, surrey, British Columbia

11359 Loughren Drive

Surrey, British Columbia

Welcome to this much loved & well-maintained energy efficient home. The large CORNER lot gets sun from morning to evening. Spring to Fall evenings are highly enjoyable from the thoughtfully renovated deck. Family oriented hood has many young families & safe, spacious streets for kids to play. This well-built house has the following recent upgrades: kitchen, central A/C, windows, cold climate heat pump, insulation, range & hood, bathroom, deck, gutter, hot water tank, laundry. The 1 or 2 BDRM MORTGAGE helper is spacious. Well-maintained yard can be a delight with an existing garden and provides opportunity for creativity due to the slope and multi levels. Close to Guildford Library, Rec Center and Mall. The uniqueness of corner lot might provide future options for subdivision into 2 lots. (id:48205)

5 Bedroom 2 Bathroom 2106
For sale
$1,295,000
15026 PHEASANT DRIVE, surrey, British Columbia

15026 Pheasant Drive

Surrey, British Columbia

Attention Investors and Developers! This prime 7,400 sqft rectangular lot in North Surrey's Bolivar Heights is a gem. Situated near Guilford, it's surrounded by amenities and parks, making it ideal for families. With its dimensions of 60x123, this property is a perfect holding asset for future redevelopment. It provides convenient access to schools, transit, and shopping. Don't miss out on exploring this exceptional opportunity today! (id:48205)

5 Bedroom 2 Bathroom 2409
For sale
$1,288,000
53 11267 133 STREET, surrey, British Columbia

53 11267 133 Street

Surrey, British Columbia

Discover modern living at its best in this 5 bedroom, 4 bathroom townhouse in the desirable Bolivar Heights area of Surrey. This 2022 built home spans 1979 sqft over three levels, offering a blend of luxury and functionality. On the lower level, you'll find a bedroom with its own entrance and bathroom, ideal for privacy. The main floor is designed for entertaining, with an open living space, stylish kitchen, a bedroom, and a powder room. Upstairs features three bedrooms alongside two full bathrooms. Enjoy nice mountain and city views from your room! Located within 15 minute walk to Gateway Skytrain station, this townhouse offers a lifestyle of ease and elegance, catering to those desiring space, modern comforts and unmatched convenience! (id:48205)

5 Bedroom 4 Bathroom 1979
For sale
$1,285,000
11385 137A STREET, surrey, British Columbia

11385 137a Street

Surrey, British Columbia

BRAND NEW LISTING! This large 7925 sqft property in the highly desired Bolivar Heights area is a block away from two schools, parks, and minutes from shopping with easy access to HWY 1. Lots of windows allow the natural light to flow in. With a MASSIVE covered outdoor patio and deck, a fish pond and views that stretch from New Westminster all the way to Port Coquitlam including the Mountains, it's perfect for BBQ's and entertaining guests. This home is perfect to buy and rent or live in and rent.Viewings by appt only. 24 hrs notice needed for the suite. 3D Tour: https://show.youriguide.com/create?url=https%3A%2F%2Fyouriguide.com%2F11385_137a_st_surrey_bc Video: https://www.dropbox.com/scl/fi/qws9pkgdmll6d6u3gzb28/11385-137a-Surrey.mov?rlkey=4tfcy11o8w9s0ff746swjq8p4&dl=0 (id:48205)

2 Bedroom 2 Bathroom 1927
For sale Open House
$1,273,700
11426 141A STREET, surrey, British Columbia

11426 141a Street

Surrey, British Columbia

This renovated rancher is a gem! Situated on a sizable 8155 sq ft lot and nestled on a quiet no-through road, it offers the tranquility of backing onto a ravine, providing exceptional privacy. The meticulous care evident in the upgrades, from the commercial grade vinyl plank flooring to the fresh paint and trim, ensures a modern and inviting atmosphere throughout. With four bedrooms, there's ample space for a family or guests, while the new kitchen and appliances promise convenience and style. The bonus of a spacious deck with composite decking adds an outdoor oasis perfect for relaxation or entertaining. It seems like a wonderful opportunity to settle into a home without the hassle of renovating. OPEN HOUSE APRIL 27 FROM 2-4 PM (id:48205)

4 Bedroom 1 Bathroom 1310
For sale
$1,268,800
28 8250 158 STREET, surrey, British Columbia

28 8250 158 Street

Surrey, British Columbia

Welcome to this exquisite townhouse nestled in the highly sought-after Fleetwood neighborhood of Surrey. With its spacious layout spanning two stories and a basement, this immaculate property offers an ideal combination of convince and comfort.A well-designed floor plan that maximizes space and natural light throughout. The main floor boasts a generous living & family room, dining & nook area, perfect for entertaining guests or spending quality time with family.Step out from the kitchen onto the private backyard, where you can unwind and enjoy a morning coffee or a barbecue with friends.The fully finished basement presents endless possibilities, whether it be transformed into a home theater, a gym, or a recreational area.Book your private showing today! (id:48205)

5 Bedroom 4 Bathroom 3398
For sale
$1,250,000
20 15860 82 AVENUE, surrey, British Columbia

20 15860 82 Avenue

Surrey, British Columbia

Welcome to desirable Oak Tree! PRIME location, with future skytrain station built in 2028, close to shopping, parks, schools! Gorgeous fully renovated 3 beds, including a luxurious size primary suite, family and living rooms, every corner radiates comfort and relaxation, 6 parking spots in total! Expansive kitchen space, a culinary haven furnished with sleek stainless steel appliances, new countertops and new backsplash. New floors throughout, new doors, new crown moldings, new painting, new blinds and new patio doors make this home move-in ready. New sinks, faucets, toilets, appliances and new hot water tank are a huge bonus! Added shelves in closet, lots of crawl space storage. And much more! Re-piping is done in 2024. Tour: https://www.cotala.com/75561 (id:48205)

3 Bedroom 3 Bathroom 2208
For sale
$1,250,000
43 12585 104A AVENUE, surrey, British Columbia

43 12585 104a Avenue

Surrey, British Columbia

Yale Gardens, Beautiful New development in North Surrey. One of the bigest 3-level , 4 bed, 3.5 bath townhouse appr. 2600sq ft (including Balcony & garage) Modern open concept layout with exquisite high-end finishes. Experience the luxury of stainless steel appliances, gas ranges, quartz countertops, custom millwork, & soft-close cabinets. Separate entry suite offers flexibility & potential rental income. Custom millwork & built-in bar cabinet with the comfort of energy-efficient heating & air conditioning. Centrally located near parks, schools, Scott Road, Surrey Central Station, SFU Surrey, proposed UBC Campus, & Guildford Mall. Take advantage of the courtyard, playground, & gym. Don't miss this exclusive opportunity to Own this beautiful Townhouse. (id:48205)

4 Bedroom 4 Bathroom 2071
For sale
$1,249,999
7305 192 STREET, surrey, British Columbia

7305 192 Street

Surrey, British Columbia

OPEN HOUSE SUNDAY MAY 5TH (1-4 PM) This half duplex, crafted by Legendary Homes, is located in the vibrant community of Clayton. The property boasts a stunning interior with forced air heating and air conditioning for added comfort. The open concept design features 10-foot ceilings on the main floor, a spacious kitchen with a built-in island bar, and wide plank laminate flooring. Custom shelving and built-ins in all bedroom closets add a touch of elegance. The kitchen is equipped with stainless steel appliances, while ample natural light fills the space. Outside, a corner wrap-around grass yard offers a peaceful retreat. Additional features include air conditioning, crown moldings, a two-bedroom suite in the basement, a one-car detached garage, and a double paved parking pad next to it! (id:48205)

5 Bedroom 4 Bathroom 2521
For sale Open House
$1,249,900
28 12585 104A AVENUE, surrey, British Columbia

28 12585 104a Avenue

Surrey, British Columbia

* WELCOME TO YALE GARDENS. * Beautiful Brand New 3 stories Townhouse , includes 4 Bedrooms, 4 Bathrooms, Living Room, Kitchen, huge Island, self closing cabinets, Open Layout, Quarts Counter Tops, Air Conditioning, Top notch Stainless Steel Appliances, Smart home System, Forced air heating, Lots of storage and Lots of cabinets, Amenities includes; Gym, Playground, Courtyard and much more to enjoy. Centrally Located, walking Distance to City Central, Transit, minutes away to SFU, Shopping, Both Levels of schools, Gateway Sky Train Station, Walking distance to King George and easy excess to All Major Routes. easy to show. (id:48205)

4 Bedroom 4 Bathroom 1873
For sale
$1,249,000
12609 113 AVENUE, surrey, British Columbia

12609 113 Avenue

Surrey, British Columbia

Large 8000+ square foot development lot. Fantastic Opportunity to build your dream home with rental opportunity. With new provincial rules coming into affect later this year this is a great chance to get in. Great location in Bridgeview. Walking distance to Skytrain, Bridgeview Elementary school and Community Centre. Easy access to HWY.1. Patullo bridge is two minute drive. Home is in good condition and easily rentable until you build. Detached Garage and Workshop with big east facing backyard. Call for more info and to view privately. (id:48205)

2 Bedroom 1 Bathroom 1040
For sale
$1,249,000
14710 101A AVENUE, surrey, British Columbia

14710 101a Avenue

Surrey, British Columbia

HOT HOT LISTING AROUND THE BLOCK! Asking price below the assessment value at $184,000! Don't miss out on this exceptional Invesment opportunity in WEST GUILDFORD! This gorgeous two-level single-family home, nestled in a peaceful cul-de-sac surrounded by beautiful greenery, features 3 bedrooms, 2 1/2 bathrooms, 2 kitchens, a sun deck ideal for outdoor relaxation, separate storage space, and single garage. Additionally, the property includes a separate bachelor suite, MTD helper. further enhancing its appeal and versatility. Enjoy the convenience of being within walking distance from the bus stop, Hjorth Road Park, and St. Luke Lutheran Church, as well as a short drive from amenities such as Guildford Rec Centre, Landmark Cinemas Guildford, and Walmart easy exit to Vancouver and much more. (id:48205)

3 Bedroom 2 Bathroom 1288
For sale
$1,234,900
11565 96A AVENUE, surrey, British Columbia

11565 96a Avenue

Surrey, British Columbia

Step into this charming residence situated in the highly sought-after Royal Heights neighborhood. This property boasts a prime central location within easy strolling distance of shops & dining establishments. Inside, you'll discover an inviting open-concept layout, generously appointed with abundant living space. The house features a fully renovated kitchen, 4 spacious bedrooms & 2 bathrooms, complemented by an expansive living room that truly defines grandeur. What sets this home apart is the sprawling 7000+ square foot lot, offering endless possibilities for outdoor activities & future redevelopment. Don't miss this chance! Book your showings today! (id:48205)

4 Bedroom 2 Bathroom 1180
For sale
$1,199,999
31 17538 100 AVENUE, surrey, British Columbia

31 17538 100 Avenue

Surrey, British Columbia

Escape to The Beverly at Fraser Heights - a prestigious community that's 65% sold! Nestled against a greenbelt with stunning mountain views, these residences offer a perfect blend of nature and urban living.Own a luxurious 4BR, 3.5BA home near top-ranking schools, including Fraser Heights Secondary with a unique STEM program through Simon Fraser University.Only 5 mins from parks, schools, and Guildford Town Centre. Quick 20-min commute to Vancouver. Open floor plans, 10ft ceilings, Chef's kitchens, Spa-inspired ensuite, double garage, EV ready, BBQ hookup, tankless H/W & A/C included. Move in this spring or summer! Visit escapetothebeverly.com. Show home open weekends 12-4 or by appointment.#10-17538 100 Ave, Surrey. (id:48205)

4 Bedroom 4 Bathroom 1896
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The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board.

About The City of

North Surrey

North Surrey is a perfect place for those who may need to commute. Not only is there an abundance of public transportation but you are located only about 25 minutes from downtown Vancouver by car. You also have many access and exit points to North Surrey through the Queensborough Bridge and multiple highway routes.

The community is beginning to develop plenty of luxury developments at much more affordable rates when compared to Burnaby and Vancouver. For penthouse units or condos with city and mountain views in Surrey you are looking at price ranges in the $600,000’s to $700,000’s, $800,000’s, and above. These offer unobstructed panoramic views of the city, the Fraser River, and the Pacific Coast Rocky Mountains making them extremely well priced in comparison to condos with views in Vancouver or Burnaby.

Neighborhoods in

North Surrey

In recent years, North Surrey has continued to grow and new condo and townhouse developments are popping up across town. With recent growth, the community has seen a lot of new custom homes being and young affluent families are beginning to move in.

map of clodverdale neighborhoods

Amenities in

North Surrey

In North Surrey there is also plenty of entertainment and lots of things to do. There is a large mall located just off the Skytrain and an excellent Recreation Centre with a swimming pool, Ice Arenas, Weight Room and Cardio Centre. Within the Rec Centre there are also some great after school programs, youth programs, and classes for adults.

North Surrey is home to some of the most state-of-art recreational facilities in Surrey. Whether you’re looking for indoor gyms, swimming pools, ice rinks or well-maintained outdoor walking trails, North Surrey has it all.

  • North Surrey Sport & Ice Complex
  • North Surrey Community Park
  • North Surrey Recreation Centre
  • Green Timbers Urban Forest
  • Holland Park
There are plenty of elementary and secondary schools located in North Surrey. Many of these schools have an excellent track record.

North Surrey Elementary Schools:

  • Hjorth Road Elementary School
  • Serpentine Heights Elementary School
  • Bonnaccord Elementary School
  • Berkshire Park Elementary
  • Harold Bishop Elementary
  • William F. Davidson Elementary School
  • Riverdale Elementary School

North Surrey Secondary Schools:

  • North Surrey Secondary School
  • Johnston Heights Secondary School
  • Guildford Learning Centre
  • Fraser Heights Secondary School

Private Schools in Cloverdale:

  • Holy Cross Regional High School
  • Surrey Christian School
  • Regent Christian Academy
  • Pacific Academy
North Surrey has an excellent reputation as being one of the best shopping districts in the Fraser Valley. Thousands of non-residents travel across the Fraser Valley each week just to be able to shop here.

  • Guildford Town Centre
  • Central City Mall
  • Cedar Hills Shopping Centre
  • Riverside Heights Shopping Centre

The transportation options in North Surrey continue to improve year after year. With easy access to Downtown Vancouver, its no surprise many commuters live in North Surrey and drive or transit into Vancouver for their jobs.

  • Uber
  • Translink Buses
  • Taxi Service
  • Skytrain

Economic Stats for

North Surrey

The economy in North Surrey continues to grow rapidly across a variety of different industries from finance to medical and education to warehousing. The economy is flourishing across all sectors and is expected to continue for many, many years.

North Surrey’s population has been steadily growing over the last decade. Over the last ten years, we have seen population growth close to 1% year after year, especially in Whalley (the city centre).
Communities like Whalley have lower than average household incomes, but a staggering 11% of the households each in excess of $150,000 per year in household income.

As the community continues to grow we expect the household incomes to increase substantially.

Similar to many other communities within the Fraser Valley, North Surrey has experienced drastic pricing increases, especially in new development projects.

North Surrey April 2021 Price Three Year % Change    
Detached House $1,288,100 30%    
Townhouse $618,800 7%    
Apartment/Condo $452,800 4%    

(From MLS® Home Price Index – Fraser Valley Real Estate Board April 2021.)

 

Residential Property Tax Rate for Surrey from 2018 to 2020
Year Muni. Rate Edu. Rate Total Rate
2020     0.189%     0.123%       0.346%
2019     0.176%     0.114%       0.319%
2018     0.181%     0.116%       0.326%

There are several major economic drivers in North Surrey. While the city has a very diverse economy, there are several large organizations that have been critical to the growth over the last several years.

Simon Fraser University is located in the Central City mall. With over 7,000 university students per semester, this provides a huge economic boost to the surrounding restaurants and retail stores. Kwantlen Polytechnic University has launched a new campus right next door which attracts several thousands more students.

Surrey Memorial Hospital is a high-volume hospital that employs thousands of highly paid and unionized staff. 

 

Rental Potential in

North Surrey

Condos for sale in the core of North Surrey, near the Simon Fraser University Surrey Campus, are a sure bet for rental investments. Today the Taylor Team has sold many of these units to individuals from all over the world who are purchasing these North Surrey condos purely for rental investment purchases. Being that these condos start in the $400,000 price point approximately, the rent literally will pay your mortgage if you need one. Being that all the condos are located within walking distance to the Skytrain, many students without personal transportation love to rent out the condos for the duration of their higher learning, and in some cases we have seen that the graduates stay in these condos as they are quite nice and extremely convenient for the working professional who has to commute into downtown Vancouver.

Before you take the first step in acquiring a real estate investment it is best that you understand the most common costs associated with acquiring and maintaining a rental property.

  • Property Transfer Tax – This is a provincial tax on the transfer of ownership between the seller and buyer. In general, it is 1% – 3% of the fair market value.
  • Lawyer Fees – These fees vary depending on the firm’s rates and whether you will be financing or paying cash for the property. That being said, in general, the cost is approximately $1,000 – $2,000.
  • Property Taxes – All real estate in BC is impacted by property taxes in one way of another. In North Surrey, you can expect to pay around 0.334% of the BC assessment value each year.
  • Strata Fees – If you’re purchasing a property that has a strata corporation, then you can expect to pay a monthly fee to the strata. Most, if not all, apartments, townhomes, and condos have a monthly strata fee. This can range from $200 – $500+ per month.
  • Repairs & Maintenance – Most savvy investors budget 1 – 2 % of the fair market value of the property for repairs and maintenance.
  • Property Management – Who will manage the screening of tenants? What about collect the rents and abide by the BC Tenants Act? Property management companies can manage all of the day-to-day operations for anywhere from a 6 – 10% commission.

North Surrey is a big rental market. There are plenty of savvy investors that understand how lucrative the North Surrey rental market is and they continually invest in new condo projects, townhomes, and detached homes.

Vacancy rates in North Surrey are almost non-existent with the average being between 1-1.5% vacancy at any given time.

As we all know, each neighbourhood and property type will be able to demand rental rates at different rates. So it’s best to speak with a local real estate agent who understands your property and the market demand.

Estimated Monthly Rents:

1 Bedroom – $1,350 – $1,600 per month

2 Bedroom – $1,700 – $2,150 per month

3 Bedroom – $2,200 – $3,400 per month